Is a Bill of Sale Necessary for Selling or Purchasing a Vehicle in Mississippi?
No, a bill of sale isn’t always required to sell or purchase a vehicle. When transferring a title, the parties may not sign a Mississippi motor vehicle bill of sale if the title specifies the car’s price. In addition, authorized dealerships commonly complete all paperwork for their customers, so you won’t need a bill of sale when purchasing from a dealer. Vehicles manufactured before 1969 and ATVs don’t require titling under Mississippi regulations.
Even though a bill of sale isn’t necessary to utilize, it’s strongly advised to sign a document whenever purchasing a vehicle from a private party. A bill of sale can protect the interests of both the buyer and the seller by providing legally recognized proof of the transaction. If you’re selling a car, the bill will confirm relinquished liability for the asset. From the buyer’s perspective, a bill of sale may be necessary to register the newly obtained vehicle (if the title doesn’t specify the price).